Hunton Advises on American Electric Power Company, Inc.’s $1B Junior Subordinated Debentures Offering

Time 2 Minute Read
December 5, 2025
News

Hunton Andrews Kurth LLP advised the underwriters in connection with American Electric Power Company, Inc.’s (AEP) SEC-registered offering of $1 billion aggregate principal amount of junior subordinated debentures, consisting of $400 million aggregate principal amount of its 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series C due 2056 and $600 million aggregate principal amount of its 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series D due 2056. The offering of the Series C Debentures and the Series D Debentures constituted the reopening of junior subordinated debentures originally issued on September 25, 2025. The transaction closed on December 5, 2025.

AEP, based in Columbus, Ohio, is one of the largest investor-owned electric public utility holding companies in the United States, and its electric utility operating companies provide generation, transmission, and distribution services to approximately 5.6 million customers in 11 states. AEP has approximately 252,000 miles of distribution lines, 40,000 circuit miles of transmission lines, and approximately 30,000 MWs of regulated owned generating capacity. AEP’s family of companies include utilities AEP Texas Inc., Appalachian Power Company, Indiana Michigan Power Company, Kentucky Power Company, Kingsport Power Company, Ohio Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company, and Wheeling Power Company.

The Hunton team included Steven C. Friend, Jingyi “Alice” Yao, Ryan Metz, and Jack W. Chatas. Robert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.

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